Spotify is set to launch its popular music-streaming service in Canada, and has further plans to possibly expand into Asia and South America, according to the Anglo-Swedish company’s recently published annual accounts.

The accounts of Spotify’s holding company—Luxembourg-based entity Spotify Technologies SA—were made available earlier in August. The annual account filing contains a management report, dated April 23 this year, where Spotify said a launch on the Canadian market is planned. Spotify said this move will further consolidate its position as the world’s largest music-streaming service, and added that it may seek to expand into “countries in Asia and South America.”

Spotify launched in the U.S. last July after its initial rollout in Europe years ago. 15 countries currently have access to Spotify, including the U.S., U.K., and Australia. The company’s international rollout has been rather slow due to extremely tedious record label licensing deals and agreements.

With its awesome iOS apps, radio feature, and free, ad-supported streaming on the desktop, Spotify has started to cannibalize the likes of Pandora. In the U.S. you can buy a Spotify Premium subscription for $10 per month to get unlimited, ad-free streaming on the desktop and mobile apps.

About the author:

Alex Heath is a journalist and co-host of The CultCast. He has been quoted by the likes of the BBC, KRON 4 News, and books like "ICONIC: A Photographic Tribute to Apple Innovation." He lives in Lexington, Kentucky. If you want to pitch a story, share a tip, or just get in touch, additional contact information is available on his personal site. Follow him on Twitter.